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ORDER NO. PSC -2021 -0252 -PAA -EQ DOCKET NO. 20210067 -EQ PAGE 44 COMPANY APPENDIX C TO THF. STANDARD OFFER CONTRACT TERAIINATION FEE Attachment A .First Revised Sheet No. 10:314 The Tennimtation Fee shall.be the sum oftte values for each m onth begitntingwith the month in which,the Capacity.Delivery Date occurs through the month oft6hrimation (or month of calculation, as the case may be), computed according to thefollowing formula: Termination Fee =Termination Fee applicable to Capacity Payment Option plus TermtoationFee applicable to•Fized Firin Energy Option Termination Fee applicable to Capacity:Palmment Options B, C,.D and E where: (MGI; - MCPC) x t{ ;1 with: MCM _ o for al] periotts prior, to the in-servioe date ofthe Company's Avoided Unit; i '= number or dm Monthly Billing Period commencing with rte Capacity Delivery Date (i.e., the month in which Capacity Delivery Date occurs 1; the month following the mouth in which (rapacity Delivery Date occu s = 2, ele) n Ilia number o(MontiilyBilting Periods.which have elapsed from rite mouth in which the Capacity Delivery Dato.oecurs through the month of ternimation (ormonthofcvdetdation as the rale may be) t die -futtae value of ftp amount. factor necessary to compound a stun monthly so the mm"- peraPntagc rate derived will equal M.,'s increment,il after-tax avoided cost ofcapital (tiefined ns r m Q9-2), for any Monthly Sitting Period in which MCM is greater than NICP,, t shall equal L 'MCA -Monthly Moni}dy Cepitcity 1'ttyment paid to QS corresponding to the Monthly Billing Period i, calculatedin accordance with Appendix B. MCPCs "= MonlWy CePicity Paym ..1, for Option A eorrespooding to the Monthly -Billing period i, 'calculated in aecor(tanea with QS4 In the event that for any Mouthly Biting Period, Ilse compatolion ofthe value of file t,apacify Payment Ttxminafien Fee for such Mondly:Billing Period (its set forth above) yields o valise equal to or greater than sero, thv amount orthe CajtacityPaymncimtT'ernunation Fey: shall !ie inxemed by the amount or such vahw. In fire event that for any Monthly Billing -Period, the computation.of lie value of die Capacity PaymtnttTeraninition Fee for such MoniiIly Billing Period (iia set NO ahpve) yieldv a value less than Zero, 'tile amountor the Capacity Payment Termination Fee sand lit d,°creI by the sutizturt of such valise expressed as'a positive munber (the "Initial Reduction Valne'X provided, however, that such Initial Reduction Value shall be s iNect to the following adjustments (the Initial Reduction Value, as adjusted, the "Reduction Value'): it In Ilse eventthat in the applie»ble MonodyiBillins5'Peaiod tie Aminal. Capacity Silting Factor (ACBF), as defined in Appendix iI .'is. less therm 80°6, then the Initial Reduction. Value shrill be adjusted to equal zero (Redaction Value - 0), and the C,aivtcity Payment Termination Fee shall not be reduced for the applicable Monthly Billing Period. b. In itio evenf that in (lie applicable Monthly Billing Period the Annual Capacity Billing Factor (ACBF), as defined in Appendix B, is equal. to nr.Woffiee tsan 80% Ing less than 94016, then the Reduction Value shall be detertnined alt ,fpdo es; Reduction Valuer— Initial Reduction Value x'10,04x.(AGBF 94%,)j For the applicable Monthly, Billing fti4 the Tennination'Fee shall be reduced by tic amount ofeach Reduction Value. hrno event shat;FPt, be liable to tile QS at arty lime for any amount by which die Capacity Payment Termination' Fee, adjusled ia.uccordance.with the fomgoing, is leas than zero(0). Terinfil-i ion.Fee applicable to the Fixed Firm Rnergy PaNmentOption D Prior to in-scnvice mate of avoidMirmC The Termini tion Fee for tie Fixed Firm Energy Option aball be equal tothe cumulative stint ofthe Fixed ,Finns Enerpy'Payments rnade'to die QS purssnmtto Onion D, starting with the in-service date ofthe QS3aciti fy; for e ch billing cycle. Such number shall mach tine nsaxirnumamount anthe bilbiiueyder''nunediatolyprecectistgthalnllingcycle aasociatedwith die irrsetviccdate afiheAvbide tJiiit. Aller in-seniec Alite of avoidedrntit: TheTeimination ree shall Ire decreased each billing cycle fallowing #ire in-service date of avoided unit by an aruountequal to tic difference between the projected Fixed llnergy Crnn that was used in the ealculatiou h7 determine die base energy oxtst'to ba fixed and amoiiixedpurstmntto Option D .for inich.billing cycle and the amortized Rxed Firrn Energy Paplentin centaXW11 Pima Ilse rnii'g delivered by tike QS not to exceed Ilse M Wit block specified in Appendix E. Is -meld by; 1111iiny Cglien,Dirletor, Ribes avid tariffs Emirtive: Suite 9; 2020 1 9b